"and HOG needs a lot of luck with the next hole in the ground, it is far from a certainty.." Meerkat are you talking about Chernetska or Sorochynska?
Chernetska should hit oil it's just a matter of how much?
On Sorochynska, management indicate it should be a similar to the first well.
From you're post, you must have cash on the table waiting to buy more for a lower price. Good luck if you do but you're in no position to be giving financial advice on trading HOG
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